ADNOC Collaborates With Comera Financial Holdings To Empower UAE Suppliers With Innovative Financing Solutions

ADNOC has entered a strategic alliance with Comera Financial Holdings to improve financial access for its small and medium enterprises (SMEs) and suppliers in the UAE. This collaboration will introduce a financing program that allows SMEs and suppliers to access working capital more efficiently, facilitating quicker fulfilment of ADNOC purchase orders.

This initiative aims to enhance liquidity, enabling scalable operations and sustainable growth for SMEs and suppliers. By providing practical solutions, ADNOC reinforces its commitment to supporting local businesses and advancing the UAE's economic diversification. The partnership empowers SMEs to thrive and compete on a global scale.

Khaled Al Zaabi, ADNOC Group Chief Financial Officer, stated: "ADNOC’s partnership with Comera Financial Holdings provides best-in-class financing solutions that will enable our UAE suppliers and SMEs to unlock working capital by converting purchase orders into immediate funding. It will enhance liquidity, strengthen agility, and accelerate business growth."

As part of the agreement, an intelligent, automated platform will be developed by ADNOC and Comera Financial Holdings. This platform will directly connect SMEs and suppliers awarded ADNOC contracts to lender support. This technological advancement aims to streamline the financing process for these businesses.

Akhtar Saeed Hashmi, Managing Director & Group CEO of Comera Financial Holdings, remarked: "Our partnership with ADNOC marks a historic leap in the way supply chains are financed in the region. As part of Abu Dhabi’s Royal Group, Comera Money brings the strength, scale, and vision needed to deliver world-class financial innovation."

Supporting Economic Diversification

The collaboration supports UAE's industrial growth and ADNOC’s In-Country Value (ICV) Program. This program continues to boost local manufacturing, job creation, and private-sector competitiveness. By enhancing financial access for SMEs, ADNOC contributes significantly to strengthening local supply chains.

Hashmi further added: "By offering access to capital to the community, we are unlocking opportunities for suppliers to deliver faster, grow stronger, and innovate fearlessly. Together with ADNOC, we are building a model of empowerment that will set new benchmarks for supply chain finance."

This partnership between ADNOC and Comera Financial Holdings not only aids in economic diversification but also sets new standards for supply chain finance in both UAE and global markets.

With inputs from WAM